Wolverine Asset Management LLC Makes New $377,000 Investment in Itron, Inc. $ITRI

Wolverine Asset Management LLC bought a new position in shares of Itron, Inc. (NASDAQ:ITRI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,865 shares of the scientific and technical instruments company’s stock, valued at approximately $377,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bessemer Group Inc. raised its holdings in shares of Itron by 125.7% during the second quarter. Bessemer Group Inc. now owns 255 shares of the scientific and technical instruments company’s stock worth $34,000 after purchasing an additional 142 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of Itron during the first quarter worth $45,000. REAP Financial Group LLC raised its holdings in shares of Itron by 168.4% during the second quarter. REAP Financial Group LLC now owns 424 shares of the scientific and technical instruments company’s stock worth $56,000 after purchasing an additional 266 shares during the period. Quarry LP raised its holdings in shares of Itron by 155.6% during the first quarter. Quarry LP now owns 910 shares of the scientific and technical instruments company’s stock worth $95,000 after purchasing an additional 554 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Itron by 20.0% during the second quarter. Nisa Investment Advisors LLC now owns 1,008 shares of the scientific and technical instruments company’s stock worth $133,000 after purchasing an additional 168 shares during the period. 96.19% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Itron

In related news, SVP John F. Marcolini sold 565 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $125.31, for a total value of $70,800.15. Following the completion of the transaction, the senior vice president owned 14,396 shares in the company, valued at $1,803,962.76. This represents a 3.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Donald L. Reeves III sold 547 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $125.31, for a total transaction of $68,544.57. Following the completion of the transaction, the senior vice president owned 19,604 shares of the company’s stock, valued at $2,456,577.24. This represents a 2.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,037 shares of company stock worth $380,566 over the last ninety days. Insiders own 1.45% of the company’s stock.

Itron Stock Performance

Shares of ITRI opened at $100.33 on Monday. The firm has a 50-day moving average price of $124.67 and a 200 day moving average price of $123.25. The firm has a market capitalization of $4.59 billion, a PE ratio of 17.15, a P/E/G ratio of 0.76 and a beta of 1.48. The company has a quick ratio of 1.75, a current ratio of 2.04 and a debt-to-equity ratio of 0.48. Itron, Inc. has a 52-week low of $90.11 and a 52-week high of $142.00.

Itron (NASDAQ:ITRI) last announced its earnings results on Thursday, October 30th. The scientific and technical instruments company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.06. The firm had revenue of $581.63 million during the quarter, compared to analyst estimates of $578.49 million. Itron had a net margin of 11.05% and a return on equity of 19.69%. Itron’s revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.84 EPS. Itron has set its FY 2025 guidance at 6.840-6.940 EPS. Q4 2025 guidance at 2.150-2.250 EPS. On average, sell-side analysts anticipate that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ITRI. Baird R W cut shares of Itron from a “strong-buy” rating to a “hold” rating in a report on Friday. Stephens reaffirmed an “equal weight” rating and issued a $130.00 price objective on shares of Itron in a report on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Itron in a report on Wednesday, October 8th. Oppenheimer set a $145.00 price objective on shares of Itron and gave the stock an “outperform” rating in a report on Friday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Itron from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Itron presently has an average rating of “Moderate Buy” and an average target price of $139.00.

Itron Profile

Itron, Inc, a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products.